ChainCatcher news, in response to the accusations from Movement co-founder Rushi Manche, Scroll co-founder Sandy made several statements today, with key information including:Acknowledgment that the airdrop design was poor and harmed some users in the community, and they will make amends through Session 2;The team wallet did not claim the airdrop, and in the future, to avoid confusion, points related to that wallet will be removed;They have never pressured team members to purchase tokens at the valuation of the last round;The team is restructuring to adapt to the next phase of development, and some team members will be leaving, believing they will shine in their new positions.Previous news, Movement Labs co-founder Rushi Manche accused the Scroll team of numerous issues, which have damaged the reputation of the EVM L2 ecosystem.

ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims decreased last week, indicating that despite a cooling job market, the U.S. economy has avoided large-scale layoffs. The number of continuing unemployment claims reached its highest level in three years.Since the beginning of this year, labor market data has shown mixed signals, complicating the Federal Reserve's interest rate decisions as it balances employment and inflation targets.

ChainCatcher news, according to CoinDesk, analyst Van Straten cited Glassnode data showing that in the past two days, short-term holders who have held their coins for less than 155 days transferred approximately 83,000 bitcoins to centralized exchanges at a loss, worth about $7.8 billion, setting a new historical high.Van Straten pointed out that when short-term holders transfer more than $2 billion worth of bitcoins to exchanges at a loss, it usually indicates the formation of a local bottom. The data shows that currently about 678,000 bitcoins are in a state of loss. The current price of bitcoin is only down 7% from its historical high, with only investors who bought in the past week being in a state of loss.

ChainCatcher news, Foresight Ventures has established a strategic office in New York at One World Trade Center, located on the 77th floor of the skyscraper.Alice Li, Head of North America and Investment Partner at Foresight Ventures, stated: "We are optimistic about the future of cryptocurrency in the U.S., especially as we expect the regulatory framework to become clearer, and a large number of developers to return to the region. This office is a tangible step towards empowering the next wave of innovators and shaping the future of the industry."

ChainCatcher message, Truth Terminal founder Andy Ayrey posted on X stating that the Truth Terminal treasury is undergoing its final migration. Do not be alarmed by the fluctuations in funds; all funds are being transferred to a proper, globally distributed multi-signature.New Truth Terminal address: 3xzTSh7KSFsnhzVvuGWXMmA3xaA89gCCM1MSS1Ga6ka6

ChainCatcher news, the South Korean Ministry of Economy and Finance announced that at the 17th Global Forum of the Organisation for Economic Co-operation and Development (OECD), the Multilateral Competent Authority Agreement on the Crypto-Asset Reporting Framework (CARF MCAA) was officially signed.The CARF MCAA is an institution established by the OECD in 2009, aimed at implementing standards for international tax transparency and the exchange of tax information. A total of 48 countries, including South Korea, Germany, Japan, and France, participated in this agreement. The signatory countries will exchange information on crypto-asset transactions based on the automatic information exchange framework for crypto-assets jointly developed by the OECD and the G20.According to the agreement, the exchange of information between countries will be implemented through separate negotiations among the signatory countries. The Ministry of Economy and Finance plans to amend relevant domestic laws starting in 2027 to facilitate the exchange of information on crypto-asset transactions and promote individual agreements.A relevant official from the Ministry of Economy and Finance stated, "Through this agreement, detailed information on crypto-asset transactions can be obtained, which will help enhance the transparency of the tax base related to crypto-asset income."

ChainCatcher news, according to @ai_9684xtpa's monitoring, two hours ago, the Fetch.ai multi-signature address transferred 5 million FET to the DWF Labs Binance deposit address, approximately worth 7 million dollars. Three weeks ago, Fetch.ai also had a similar operation. As of now, FET has dropped 4.47% since the token deposit.DWF Labs, as the market maker for FET, previously boosted the coin price by 543% through frequent trading in February this year.

ChainCatcher news, according to IntoTheBlock data, the long-term active trend of Bitcoin has clearly shifted, with significant growth in on-chain activity. The number of daily active addresses is approaching 1 million, marking the first occurrence of such large-scale sustained growth since 2021.

ChainCatcher news, according to Jinshi reports, Manhattan District Attorney Damian Williams announced that he plans to resign on December 13, and his deputy Edward Kim will temporarily take over other duties.After Donald Trump was elected President of the United States on November 5, he announced he would nominate former SEC Chairman Jay Clayton to manage the Manhattan District Attorney's Office. The Southern District of New York is renowned for its independent status and has handled many high-profile financial fraud cases.During Williams' tenure, he completed the prosecution of former cryptocurrency exchange FTX founder SBF and family office founder Bill Hwang of Archegos.

ChainCatcher news, Bitfinex released a report stating, "Bitcoin's approach to the historic $100,000 mark is driven by unprecedented inflows into Bitcoin ETFs and strong institutional demand. Despite facing profit-taking resistance at its latest all-time high, Bitcoin has shown resilience, maintaining around $96,000 over the weekend and then regaining some upward momentum in early trading on Monday. Since the pre-U.S. presidential election low of $66,880, Bitcoin has risen by 47%, and it has astonishingly increased by 130% year-to-date, paving the way for new horizons. The performance of Bitcoin compared to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed Saudi Aramco, becoming the seventh-largest asset globally, with a peak valuation exceeding $1.9 trillion.Although Bitcoin's upward momentum is remarkable, it is not without profit-taking from long-term holders. Despite increased pressure, the current pressure remains manageable compared to the historical peaks in March 2021 and March 2024. These trends indicate a temporary stagnation in market momentum, but the overall market may absorb selling pressure and continue to rise in the medium term.The overall cryptocurrency market (excluding Bitcoin and Ethereum, referred to as the Total3 index) has also reached a new cycle high, with investor sentiment surging, driving the Total3 index to experience a 23.2% increase from low to high last week—this is the largest increase since April 2021. Large-cap altcoins, such as Solana (SOL), have reached new all-time highs, marking their breakthrough of key resistance levels, including the April 2022 peak.The market capitalization of altcoins is now approaching the $984 billion high from May 2021, indicating that speculative funds are shifting from Bitcoin to altcoins. Historically, this kind of fund rotation often heralds the arrival of "altcoin season," where altcoins outperform Bitcoin.In fact, the annualized funding rate for large-cap altcoins has surpassed the 45% threshold, marking an increase in speculative activity. With the participation of retail investors on the rise, short-term volatility is expected to increase, further driving the momentum of altcoins. However, these conditions also require caution, as extreme funding rates often signal severe market corrections."

ChainCatcher news, Barrick Gold CEO stated: "Cryptocurrency is highly volatile and is indeed affected by elections. But I don't believe it has the same fundamentals as gold. When you examine the global monetary system, fiat currencies, and the debt we are facing, you will find that many large global investors have already started to liquidate some of their investments and shift their funds."

ChainCatcher news reports that according to 4E monitoring, last Friday, the three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising nearly 1%, reaching a historic high. The S&P 500 index rose by 0.35%, marking five consecutive trading days of gains, while the Nasdaq increased by 0.16%. Over the week, the Dow accumulated a 2% increase, and both the S&P 500 and Nasdaq rose by 1.7%. As the "Trump Cabinet 2.0" gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.Cryptocurrencies showed an upward trend last week, with the market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price movements. As BTC continues to hit new highs approaching $100,000, market activity has significantly increased, and altcoins generally saw substantial gains following the market trend, while the popularity of meme projects declined last week.In the forex commodities sector, the U.S. dollar index rose nearly 1% last week, surpassing the 108 mark and reaching a two-year high. The bleak economic outlook for the Eurozone has dampened oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose about 6% last week, marking the best performance in two months. Recent trends in gold have been supported by strong risk aversion and reduced expectations for a Fed rate cut in December, with gold prices rising for five consecutive days last week, accumulating a 5.7% increase, the largest weekly gain in nearly two years.After Trump's victory in the presidential election, the Fed's stance on rate cuts has become increasingly cautious. Last week, a series of hawkish comments from Fed officials cast a shadow over the highly anticipated prospect of a Fed rate cut in December. The minutes from the Fed's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released on Tuesday and Wednesday local time, respectively, which may stir market waves. Currently, investors expect the likelihood of a Fed rate cut in December to be slightly above 50%. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher message, Ethereum co-founder Vitalik expressed in an interview with Tencent's "Deep Dive" that he is concerned that if particularly smart people do not engage in Crypto, those who remain in the Crypto space may not have any interesting ideas, and the only applications will be the financial applications that have been around for many years. This would lead to a situation where—issue a token, create an exchange; issue another token, create another exchange; issue yet another token, this token features cute dogs—these things are fun, but if they are the only things our industry is doing, then the industry is failing. The challenge our industry faces is to create applications that are both meaningful and widely engaging.Regarding why the Ethereum ecosystem and the Web3 ecosystem still lack practical applications, Vitalik stated that before this year, transaction fees were too high, some important technologies were not mature, and issues related to account security and privacy had not been resolved. Therefore, before this year, our industry did not have enough technology to create applications that ordinary people could participate in. One reason for the success of DeFi applications is that DeFi can generate more money. This year, we have finally started to address these issues. This year is the best time to create meaningful applications.

ChainCatcher message, Slow Mist's Yu Xian posted on platform X stating that, under the premise of phishing without taking private keys, a mechanism that changes the owner with a single signature exists in mainstream chains besides Solana, including Tron. Once changed, your private key is rendered useless, unless the phisher is willing to return the owner to you. Otherwise, do not believe any claims of recovery; any such claims can be considered a scam.

ChainCatcher message, Dogecoin UI designer DogeDesigner shared a meme on the X platform showing that BTC reached $100,000, ETH reached $4,200, while the price section for Dogecoin did not display a price, but instead showed the Shiba Inu meme of Dogecoin.

ChainCatcher news, according to The Block, Jaime Lizárraga, one of the three Democratic commissioners of the U.S. Securities and Exchange Commission (SEC), stated that he has informed President Joe Biden of his plans to resign and intends to leave the agency early next year. Lizárraga mentioned that he is stepping down to spend more time with his family.The day before Lizárraga announced his resignation, SEC Chairman Gary Gensler also planned to step down in January. This means that Commissioner Caroline Crenshaw will become the only Democrat leading the SEC. Gensler noted that he and Lizárraga not only worked together at the SEC but also collaborated at the U.S. Treasury after the 2008 financial crisis.

ChainCatcher news, according to Decrypt, Coinbase has signed a sponsorship agreement with the NBA's Los Angeles Clippers, becoming the official partner of the Los Angeles Clippers. This collaboration marks the beginning of a multi-year partnership that will provide fans with exclusive experiences, limited edition merchandise, and unique digital and physical collectibles. The financial details of this partnership have not been disclosed. Coinbase will offer new and existing users $5 worth of Bitcoin, as well as seasonal benefits for creating a Coinbase account. The Coinbase brand will be prominently featured on signage within the Intuit Dome venue, which is being used as the Clippers' home for the first time this year.

ChainCatcher news, Nick Tomaino, the founder of 1confirmation, posted on platform X stating, "The most valuable lesson learned from past bull markets is that excessive hype is often a contrary signal. When the majority are making noise, it usually means they lack confidence in their positions, and once given the opportunity, they will sell to you. A large and steadfast group of holders is the best signal."

ChainCatcher news, recently, KIP Protocol announced on its official Twitter that its AI deployment solution provider Kipley.ai has officially signed a Memorandum of Understanding (MOU) with the Thailand Institute of Scientific and Technological Research (TISTR). TISTR is the largest government research institution in Thailand, directly under the Ministry of Higher Education, Science, Research and Innovation of Thailand.The strategic cooperation between KIP Protocol and TISTR will utilize the AI tools of Kipley.ai to analyze stem cell samples with the utmost precision, promoting faster and more reliable breakthroughs in regenerative medicine.It is reported that the AI technology architecture of Kipley.ai has been applied in key fields such as life sciences, agriculture, and biotechnology by more than 200 universities, government agencies, and non-governmental organizations. This cooperation aims to address significant challenges in the biotechnology and medical fields, benefiting millions of patients worldwide.KIP Protocol is a decentralized underlying protocol focused on AI and is the world's first decentralized RAG network. Over the past year, KIP has continuously expanded its customer base in the education, entertainment, and government cooperation sectors, partnering with leading Web2 and Web3 companies, and consistently promoting real use cases of DeAI while achieving sustainable user growth.